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Insurance Licensing Life-and-Accident-and-Health-or-Sickness-Producer-Combo Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Annuities | - Accumulation and payout options - Annuity types and features |
| Accident and Health Insurance | - Disability income and medical expense coverage - Health insurance plans and structures |
| Ethics and Professional Conduct | - Consumer protection standards - Ethical responsibilities of insurance producers |
| State Insurance Regulations | - Producer licensing requirements - Unfair trade practices and compliance |
| Federal Regulations and Taxation | - Federal insurance-related regulations - Tax treatment of insurance products |
| Life Insurance | - Types of life insurance policies
|
| Insurance Fundamentals | - Insurable interest and risk management concepts - Basic insurance principles |
| Policy Provisions and Options | - Standard policy provisions - Beneficiaries and policy ownership |
Insurance Licensing Life and Accident and Health or Sickness Producer - Combo Series 20-30 Sample Questions:
1. The life insurance buyer ' s guide includes information about all of the following EXCEPT how to:
A) Take civil action against an insurer
B) Compare life insurance policy requirements
C) Compare life insurance policy rates
D) Decide how much life insurance to buy
2. The purpose of the Life and Health Insurance Guaranty Corporation is to guarantee:
A) Benefits if the insurer is unable to pay benefits due to impairment or insolvency.
B) The issuance of life insurance and health insurance policies.
C) That an insurance company will never fail.
D) The issuance of life insurance policies.
3. An immediate annuity:
A) Normally permits tax-deductible contributions
B) May be purchased in installments
C) Lacks an accumulation period
D) Pays a lump sum benefit to the annuitant
4. Dental insurance typically excludes coverage for:
A) Dental X-rays
B) Preventive treatments
C) Some pre-existing conditions
D) Cleaning of the teeth
5. An individual purchased an annuity contract with $100,000 received in settlement of a lawsuit. No further purchase payments are permitted, and benefit payments are to start in 17 years. The contract is:
A) A retirement annuity
B) An individual life annuity
C) An individual retirement annuity (IRA)
D) A single premium deferred annuity
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: D |



